Failure--The Only Option

A Corporate Revolt?

The countdown stands at one week. In one week, unless an agreement can be reached, the United States will default. The Republican-lead House finds itself dealing with a potential revolt from within, as the 'Tea Party' wing, as is there M.O, refuses to yield an inch on raising taxes on it's corporate backers.

But could there be another, more nefarious, idea at play here. The 'Tea Party' may need the chaos that would come from the potential economic chaos that could result from default. There can be little doubt that especially as folks in places like Wisconsin, and Ohio wake up to the vision of USA Inc that the 'Tea Party' represents. They have at times, been almost revolutionary in their rhetoric. An economic collapse, like what could follow from default could set the stage for a 'hostile takeover' on a national scale. Chaos has been proven to be fertile ground for 'Corporate States' to arise, sometimes called fascism.

What's worse, is that progressives could be inadvertently aiding the 'Tea Party' in their agenda. Their refusal to budge on spending cuts is tying Obama's hands and also perhaps providing fodder for folks like and Beck and Limbaugh to incite their followers. Some of the rhetoric I've seen from MoveOn, labor groups, etc, almost seems like mirror-image of what the Koch's etc are getting Beck and Limbaugh to feed their followers.

Should we progressives simply 'knuckle under' and let Social Security and Medicare be cut to pay for tax breaks for corps and their CEO's. No, but perhaps showing a bit more reason might make the progressives look more reasonable than the GOP, the 'Tea Party' and it's corporate backers.

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TeaPartyCrasher 6 years agofrom Camp Hill, PA

Jed:

We're just a bit bigger than Iceland, and a much bigger part of the world economy.

James Agbogun 6 years ago

All should rally for a solution, otherwise the shock will be felt in distance land.

Jed Fisher 6 years agofrom Oklahoma

Default? Default on what? TARP 2008 carried the implied notion that the US Government would also back-stop over four trillion in bad Bankster bets made in the international derivatives market. Right now the world is watching to see if America will starve its citizens in order to pay up on Bankster debts.

Better to just let that house of cards fall. America will be just fine without it.

Iceland blew off the debt, let its bansters default, and Iceland is OK.

PETER LUMETTA 6 years agofrom KENAI, ALAKSA

These morons just need to show everyone that theirs is "bigger" than the other guys. There is no logic or rationale involved we are back in the trees beating our chests and posturing for one another.